316 Removals and Storage Ltd |
Registered number: |
SC613186 |
Balance Sheet |
as at 30 November 2023 |
|
Notes |
|
|
2023 |
|
|
2022 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
19,954 |
|
|
25,263 |
|
Current assets |
Cash at bank and in hand |
|
|
4,425 |
|
|
16,496 |
|
Creditors: amounts falling due within one year |
4 |
|
(19,381) |
|
|
(29,521) |
|
Net current liabilities |
|
|
|
(14,956) |
|
|
(13,025) |
|
Net assets |
|
|
|
4,998 |
|
|
12,238 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
1 |
|
|
1 |
Profit and loss account |
|
|
|
4,997 |
|
|
12,237 |
|
Shareholder's funds |
|
|
|
4,998 |
|
|
12,238 |
|
|
|
|
|
|
|
|
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
P Brannigan |
Director |
Approved by the board on 12 February 2024 |
|
316 Removals and Storage Ltd |
Notes to the Accounts |
for the year ended 30 November 2023 |
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services and is recognised by reference to the stage of completion of the contract. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost over its expected useful life, as follows: |
|
|
Vehicles |
25% by Reducing Balance |
|
Plant, Machinery and Equipment |
15% by Reducing Balance |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax loss is recognised for the current period. |
|
|
2 |
Employees |
2023 |
|
2022 |
Number |
Number |
|
|
Average number of persons employed by the company |
3 |
|
3 |
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
£ |
£ |
£ |
|
Cost |
|
At 1 December 2022 |
1,629 |
|
35,310 |
|
36,939 |
|
Additions |
848 |
|
- |
|
848 |
|
At 30 November 2023 |
2,477 |
|
35,310 |
|
37,787 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 December 2022 |
36 |
|
11,640 |
|
11,676 |
|
Charge for the year |
239 |
|
5,918 |
|
6,157 |
|
At 30 November 2023 |
275 |
|
17,558 |
|
17,833 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 November 2023 |
2,202 |
|
17,752 |
|
19,954 |
|
At 30 November 2022 |
1,593 |
|
23,670 |
|
25,263 |
|
|
4 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
£ |
£ |
|
|
Lease for NX15 EPZ |
- |
|
5,493 |
|
Lease for CN69 KGV |
14,008 |
|
17,561 |
|
Taxation and social security costs |
5,316 |
|
6,389 |
|
Other creditors |
57 |
|
78 |
|
|
|
|
|
|
19,381 |
|
29,521 |
|
|
|
|
|
|
|
|
|
|
5 |
Other information |
|
|
316 Removals and Storage Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is: |
|
16 Cotburn Crescent |
|
Burntisland |
|
Fife |
|
KY3 9JD |